"Short Wave Sportfishing" wrote in message
news
On Sat, 1 Mar 2008 16:50:23 -0800 (PST),
wrote:
On Mar 1, 7:41 pm, "Canuck57" wrote:
"Short Wave Sportfishing" wrote in
messagenews:38sjs3h82ded28g7gqgm79uq7djnd2ag6e@4ax .com...
On Sat, 1 Mar 2008 14:32:58 -0800 (PST),
wrote:
Everyone says 4 dollars... I will throw my prediction in, I think we
will test 5 dollars a gallon before the end of the year.
I'll take that bet. I'll say that gas will be back at $2.34/gal by
the end of the year.
And oil will be down around $60/bl.
What do you base that on?
Fantasy what?
If I knew you, I would gave you 3:1 odds against and an $10,000 wager
you
are wrong.
Holy crap, I was just going to bet him and the loser has to answer the
drunken dougies questions for a week
For you and you only.
If oil doesn't drop to around - say plus 5/minus4 - $60 by the end of
the year, I will give you that boat I told you about a month or so
ago.
There - right out in public. :)
Good, but what is your basis of logic?
1/2 the oil harvested costs more than $60 barrel to get. So the only way it
could decrease is one of the following.
US government Fed/Congress admits the US currency isn't worth 2 pence to the
dollar and re-states the currency on a 4:1 or higher basis. Have to cover
the next expected 20% drop in the USD value.
Or all of a sudden more than 1/2 the worlds consumption is not there but the
supply chain is intact.
Neither aforementioned is likely, except the devaluation part. Bet by fall
$125 USD per barrel would be about even odds.